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Q4 GDP rises by 0.9 pct QoQ, taking full-year growth to 2.3 pct
EconomyMacroeconomythat was published in October, Bank of Greece (BoG) sees 2024 growth at 2.2 percent for 2024, and 2.5 pct
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Property price rise slows to 8.7 pct in 2024, from 13.9 pct jump in 2023
EconomyMacroeconomyThe growth in the nominal value of apartments in Greece slowed further in the last quarter of 2024, increasing by 6.6 percent year-on-year (YoY) from an upwards revised 8.1 percent in Q3 2024, Bank of Greece (BoG) data released on Thursday showed. There has been a gradual slowdown from the growth
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Current account at 1 bln surplus in Jan, goods deficit at 2.91 bln
EconomyMacroeconomyGreece’s current account was in surplus in January of 1.02 billion, from a deficit of 3.6 billion euros in December, Bank of Greece (BoG) data showed on Monday. In January 2024, the balance showed a surplus of 1.8 billion euros. The Bank of Greece notes that this is mainly due to a deterioration
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Jan travel balance at 87.5 mln as 30 pct rise in payments offsets receipts increase
EconomyMacroeconomyGreece's travel balance recorded a surplus of 87.5 million euros in January, compared to 149.9 million euros in December, according to data released by the Bank of Greece (BoG) on Wednesday. The January balance was 24.5 percent lower than the 115.9 million euros recorded in January 2024. Receipts
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Deposits continue to slide in Feb with 6.5 bln loss at start of 2025
EconomyMacroeconomyThe private sector deposits in the Greek banking system continued the contraction in February, with a net decrease of 1.7 billion euros, after a 4.79-billion-euro decline in January, according to the latest Bank of Greece (BoG) figures released on Friday. The annual growth in February was 4.5
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Corporate lending drives 10.5 pct YoY rise in credit expansion
EconomyMacroeconomyThe credit expansion in the Greek private sector remained strong in February, rising by 10.5 percent year-on-year (YoY), from 10 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed. The net lending flow was positive by 1.41 billion euros after a negative movement
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Feb current account deficit improves YoY to 2.49 bln as impact of energy moderates
EconomyMacroeconomyGreece’s current account was in deficit in February of 2.49 billion, from a surplus of 1.2 billion euros in January, Bank of Greece (BoG) data showed. In February 2024, the balance showed a deficit of 3.06 billion euros. The Bank of Greece notes that this is mainly due to an improvement
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Travel surplus shrinks up to Feb as payments rise sharply
EconomyMacroeconomyGreece's travel balance recorded a surplus of 90 million euros in February, compared to 87.5 million euros in January, according to data released by the Bank of Greece (BoG) on Tuesday. The February balance was 25.8 percent lower than the 121.3 million euros recorded in February 2024. Receipts
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Credit growth stays strong at 10.3 pct YoY in Mar due to corporate lending
EconomyMacroeconomyThe credit expansion in the Greek private sector remained strong in March, rising by 10.3 percent year-on-year (YoY), from 10.5 percent in the previous month, Bank of Greece (BoG) figures released on Tuesday showed. The net lending flow was positive by 1.95 billion euros after 1.41 billion euros
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Corporations lead deposit growth in Mar as total nears 200 bln
EconomyMacroeconomyThe contraction in the Greek banking system’s private sector deposits reversed in March, with a net increase of 2.41 billion euros, after a 1.7-billion-euro decline in February, according to the latest Bank of Greece (BoG) figures released on Tuesday. The annual growth in March was 4.8 percent year
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